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ACC 305 Academic professor/tutorialrank
ASHFORD ACC 305 Week 1 DQ 1 FASB and Ethics
ASHFORD ACC 305 Week 1 Assignments E 3
ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case
3-5
Research Case 1-3 (page 45) The purpose of this
case is to introduce you to the information
available on the website of the Financial
Accounting Standards Board (FASB). Required Acces
s the FASB home page on the Internet. The web
address is www.fasb.org. Answer the following
questions. 1.         Describe the mission of the
FASB. 2.         Who are the current Board
members? Briefly describe their
backgrounds. 3.           How are topics added to
the FASBs technical agenda?
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ACC 305 Academic professor/tutorialrank
ASHFORD ACC 305 Week 2 DQ 1 Earnings Management
Case 4
ASHFORD ACC 305 Week 1 DQ 2 Cash versus Accrual
Judgment Case 2-1 (page 109) You have recently
been hired by Davis Company, a small public
accounting firm. One of the firms partners,
Alice Davis, has asked you to deal with a
disgruntled client, Mr. Sean Pitt, owner of the
citys largest hardware store. Mr. Pitt is
applying to a local bank for a substantial loan
to remodel his store. The bank requires accrual
based financial statements but Mr. Pitt has
always kept the companys records on a cash
basis. He does not see the purpose of accrual
Companies often are under pressure to meet or
beat Wall Street earnings projections in order to
increase stock prices and also to increase the
value of stock options. Some resort to earnings
management practices to artificially create
desired
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ACC 305 Academic professor/tutorialrank
ASHFORD ACC 305 Week 2 Problem E1
ASHFORD ACC 305 Week 2 DQ 2 Revenue Recognition
Case 1
Revenue earned by a business enterprise is
recognized for accounting purposes at different
times, according to the circumstances. In some
situations revenue is recognized approximately as
it is earned in the economic sense. In other
situations revenue is recognized at point of
delivery. Required 1.         Explain
ACC 305 Week 2 Problem E4-19 Wainwright
Corporation  
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ACC 305 Academic professor/tutorialrank
ASHFORD ACC 305 Week 2 Problem E3
ASHFORD ACC 305 Week 2 Problem E2
ACC 305 Week 2 Problem E4-22 Tiger Enterprises  
ACC 305 Week 2 Problem E5-3 Instalment sales
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ACC 305 Academic professor/tutorialrank
ASHFORD ACC 305 Week 2 Problem E5
ASHFORD ACC 305 Week 2 Problem E4
ACC 305 Week 2 Problem E4-16 Bluebonnet Bakers
ACC 305 Week 2 Problem E5-10 Project Contracts
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ACC 305 Academic professor/tutorialrank
ASHFORD ACC 305 Week 2 Problem Integrating Case 5
ASHFORD ACC 305 Week 2 Problem E6
ACC 305 Week 2 Problem E4-19 Wainwright
Corporation  
ACC 305 Week 2 Problem Integrating Case 5-23
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ACC 305 Academic professor/tutorialrank
ASHFORD ACC 305 Week 3 Communication Case 6
ASHFORD ACC 305 Week 2 Problem Judgment Case 4
ACC 305 Week 2 Problem Judgment Case 4-9
Communication Case 6-3 on page 334 Harvey
Alexander, an all-league professional football
player, has just declared free agency. Two teams,
the San Francisco 49ers and the Dallas Cowboys,
have made Harvey the following offers to obtain
his services 49ers 1 million
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ACC 305 Academic professor/tutorialrank
ASHFORD ACC 305 Week 3 P1
ASHFORD ACC 305 Week 3 Judgment Case 7
  Judgment Case 7-5 on page 391 For each of the
following independent situations, indicate the
apparent internal control weaknesses and suggest
alternative procedures to eliminate the
weaknesses. 1. John Smith is the petty cash
custodian. John approves all requests for payment
out of the 200 fund, which is
ACC 305 Week 3 P7-14 El Gato Painting Company  
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ACC 305 Academic professor/tutorialrank
ASHFORD ACC 305 Week 4 Assignment E8
ASHFORD ACC 305 Week 3 P7
ACC 305 Week 3 P7-10, P7-14
ACC 305 Week 4 Assignment E8-13, E8-14, E8-18,
P8-5, E9-19, E9-21, P9-1
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ACC 305 Academic professor/tutorialrank
ASHFORD ACC 305 Week 4 Ethics Case 9
ASHFORD ACC 305 Week 4 Communication Case 8
Communication Case 8-4 on page 442 You have just
been hired as a consultant to Tangier Industries,
a newly formed company. The company president,
John Meeks, is seeking your advice as to the
appropriate inventory method Tangier should use
to value its inventory and cost of goods sold.
Mr. Meeks has narrowed the choice to LIFO and
FIFO. He has heard that LIFO might be better
Ethics Case 9-11 on page 497 Danville Bottlers is
a wholesale beverage company. Danville uses the
FIFO inventory method to determine the cost of
its ending inventory. Ending inventory quantities
are determined by a physical count. For the
fiscal year- end June 30, 2011, ending inventory
was originally determined to be 3,265,000.
However, on July 17, 2011, John Howard
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